Studio · 452 sqftMadison Residences - Astor, Majan · 3rd floor · completed 2013

338, Madison Residences - Astor

Sold prices and rental history: sold once, by the developer in December 2014, and rented continuously since 2021. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 338 · DLD and Ejari recordsUpdated 15 November 2025
Last soldAED 407K24 December 2014
Current rentAED 38K /yr15 November 2025
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 338, Madison Residences - Astor

What is 338 worth today?

Last sold for AED 406,800 in 2014

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15 Nov 2025RentedNew contract
AED 38,000/yr12 months · AED 84 per sqft
5 Aug 2024RentedRenewal
AED 33,000/yr12 months · AED 73 per sqft
5 Aug 2023RentedNew contract
AED 30,000/yr12 months · AED 66 per sqft
1 Apr 2022RentedRenewal
AED 19,000/yr12 months · AED 42 per sqft
1 Apr 2021RentedNew contract
AED 18,000/yr12 months · AED 40 per sqft
24 Dec 2014Sold by developerReady
AED 406,800AED 899 per sqft

Source: Dubai Land Department. Updated 15 November 2025.

Key facts

Type
Studio apartment
Size
452 sqft
Floor
3rd of 3
Parking
P-68
Developer
DAMAC
Completed
2013
Service charge
AED 7,600 /yr
Last sold
AED 407K · December 2014

About 338, Madison Residences - Astor

338 is a studio of 452 sqft on the 3rd floor of Madison Residences - Astor, a 3-storey tower in Majan completed in 2013 by DAMAC. The developer sold it on 24 December 2014 for AED 406,800, or AED 899 per sqft, 18% below the AED 1,100 studios in the building were fetching at the time.

It has been rented continuously since 2021 on 5 Ejari contracts. The current contract, signed on 15 November 2025, is AED 38,000 a year: a gross yield of 9.3% on the 2014 price, before the service charge of about AED 7,600 a year.

Sales and rents for 338 over time

Sales
Unit 338, each saleTypical studio in Madison Residences - Astor
250K500K750K2009201420192024Typical sale price by year: 2009 AED 718,000; 2013 AED 493,735; 2014 AED 581,470; 2015 AED 556,500; 2016 AED 425,000; 2021 AED 230,000; 2023 AED 362,500; 2024 AED 414,360; 2025 AED 475,000; 2026 AED 435,000Sold by developer, December 2014: AED 406,800 (AED 899 per sqft)

338 has sold once; the dashed line is the studio median of each year in the building.

Rents
Unit 338, each contractTypical studio in Madison Residences - Astor
20K40K2014201820222026Typical rent by year: 2014 AED 40,000; 2015 AED 42,000; 2016 AED 41,000; 2017 AED 38,750; 2018 AED 33,000; 2019 AED 28,000; 2020 AED 24,000; 2021 AED 21,000; 2022 AED 24,000; 2023 AED 28,800; 2024 AED 33,600; 2025 AED 36,500; 2026 AED 36,000New contract, April 2021: AED 18,000 a yearRenewal, April 2022: AED 19,000 a yearNew contract, August 2023: AED 30,000 a yearRenewal, August 2024: AED 33,000 a yearNew contract, November 2025: AED 38,000 a year

Annual rent on each registered contract; the dashed line is the studio median of each year in the building.

Studios in Madison Residences - Astor, and where 338 sits

All 98 studios →

338 last sold in December 2014 at AED 899 per sqft, 18% below what studios in Madison Residences - Astor were fetching at the time (AED 1,100). Over the last 12 months studios sold for AED 410,000 to 460,000, around AED 772 per sqft, and rent for AED 20,000 to 56,400 a year. 338's AED 38,000 is in the lower half of that range.

Recent studio salesUnit no.Price (AED)Summary
20 Oct 2026410,000
15 Sep 2026420,000
7 Jul 2026454,915
30 Apr 2026417,571
8 studio sales in the last 12 months

Madison Residences - Astor

Building

116 apartments, studios to 2-bed over 3 floors in Majan, completed in 2013 by DAMAC. 8 sold in the last 12 months.

Typical price per sqft
AED 772
Typical sale
AED 430K
Typical rent
AED 38K /yr
Typical yield
8.9%
Madison Residences - Astor, Majan: prices, sales and rents →
Value
3012-bedAED 1.17M · Apr 2014
302StudioAED 505K · Oct 2014
303StudioAED 400K · Sep 2016
304StudioAED 485K · Nov 2025
305StudioAED 563K · Jun 2014
306StudioAED 418K · Apr 2026
3071-bedAED 627K · Apr 2014
1–7 of 37

338, Madison Residences - Astor in numbers

  • Sold once: by DAMAC on 24 December 2014 for AED 406,800, or AED 899 per sqft.
  • Rented since April 2021 on 5 Ejari contracts, from AED 18,000 to AED 38,000 a year.
  • At AED 38,000 a year the gross yield on the 2014 price is 9.3%, before a service charge of about AED 7,600 a year (AED 16.76 per sqft).
  • Studios in Madison Residences - Astor sold for AED 410,000–460,000 in the 12 months to November 2026; the building's median across all types is AED 772 per sqft.

Source: Dubai Land Department. Updated 15 November 2025.

Questions about 338, Madison Residences - Astor

What did unit 338 last sell for?

AED 406,800 on 24 December 2014, sold by the developer: AED 899 per sqft for 452 sqft. It is the only registered sale of the unit.

What is the rent for unit 338?

AED 38,000 a year on the contract signed on 15 November 2025. The previous contract, from August 2024, was AED 33,000; the unit has been rented since April 2021.

How big is unit 338?

452 sqft (42.0 sqm): a studio on the 3rd floor of a 3-storey tower completed in 2013.

What is unit 338 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Studios in Madison Residences - Astor sold for AED 410,000 to 460,000 in the last 12 months, around AED 772 per sqft.

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Mortgage on 338, Madison Residences - Astor

Starts from the last sale price (AED 407K, 24 December 2014). Switch to today's estimate once you have unlocked it.
Price
AED 406,800
Deposit, UAE resident (20%)
AED 81,360
Deposit, non-resident (40%)
AED 162,720
Monthly over 25 years at 3.7%
AED 1,664

Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →